Maxus Mining Investors Exercise $1,105,952 CDN in Warrants
Globenewswire·2026-01-21 22:00

Core Viewpoint - Maxus Mining Inc. has successfully raised $1,105,952 through the exercise of common share purchase warrants, which will enhance its balance sheet and fund future exploration and corporate activities [1][2]. Group 1: Financial Developments - Investors exercised 2,408,200 common share purchase warrants, generating gross proceeds of $1,105,952 from January 2, 2026, to January 16, 2026 [1]. - The capital raised will be allocated for exploration work, new projects or acquisitions, corporate development, marketing, and working capital [2]. Group 2: Marketing Agreement - The Company has entered into a 6-month marketing agreement with RMK Marketing Inc., starting January 23, 2026 [3]. - RMK will provide various marketing services, including managing AdWords campaigns and optimizing online marketing strategies [4]. - The Company will compensate RMK $250,000, with an option to increase the advertising budget to $500,000 during the term of the agreement [5]. Group 3: Company Overview - Maxus Mining Inc. is focused on mineral exploration, with a portfolio of approximately 15,098 hectares in British Columbia, Canada [8]. - The portfolio includes significant projects such as the Alturas Antimony Project, which has reported high-grade antimony up to 69.98% [9]. - Other notable projects include the Lotto Tungsten Project and the Penny Copper Project, which have shown promising historical exploration results [10][11].

Maxus Mining Investors Exercise $1,105,952 CDN in Warrants - Reportify